MÁV to save HUF 5 billion on electricity procurement in 2010

State-owned railway company MÁV is to save more than HUF 5 billion next year on electricity purchases thanks to the timing of the public procurement procedure, the company told MTI.

MÁV's board approved in November the winning offers submitted to its power supply tenders for 2010 and the company recently signed the contracts with the two winners, Magyar Áramszolgáltató and E.ON Energiaszolgáltató.

The MÁV group is to spend HUF 21 billion on electricity in 2010 compared to HUF 26 billion in 2009.

MÁV has been purchasing electricity on the deregulated market since 2005. (MTI-Econews)

The Hungarian railway infrastructure has undergone significant development since 2012, including building and renovating lines, new locomotive acquisitions and improvements in quality of services. Passengers are responding to these developments, national railway company MÁV said in a response to an article published today in the Budapest Business Journal online, based on information from index.hu.

This weekend clocks move forward one hour at 2 a.m. on Sunday morning as daylight savings time kicks in. According to MAVIR, the Hungarian transmission system operator, shifting from winter to summer time and back saves as much as HUF 4-5 billion a year in Hungary.

The Hungarian Power Exchange (HUPX), Hungaryʼs transmission system operator Mavir, Serbiaʼs power exchange, its transmission system operator, and the Paris-headquartered EPEX Spot (European Power Exchange) have signed a cooperation agreement with the aim of establishing a joint regional power exchange.

According to data provided by MAVIR (the Hungarian Independent Trans­mission Operator Company), between June and August this year electricity consumption reached a historical record high, a press release sent to the Budapest Business Journal shows.

iPhone users in Hungary will now be able to use a new feature in Apple Maps, which allows them to get public transportation directions. The new service not only provides directions, but also departure times and unexpected changes.

Hungarian state-owned railways company MÁV is trying to tackle its labor shortage by offering a HUF 35,000 bonus for workers who refer an acquaintance, according to a report by Hungarian daily Magyar Idők.